Recover lost shares, unclaimed investment and understand the process of recovering them.



unclaimed investment

SEBI has issued a recommendation to convert all physical shareholding to demat form in 2022, but that is still a long way off. To protect the interests of shareholders, SEBI has made KYC mandatory for all investors and has directed investors to submit copies of PAN Card, email, mobile number, bank account and nomination details to the Company/Registrar & Share Transfer Agent (RTA). Investor Education and Protection Fund (IEPF) has been set up by SEBI and Ministry of Corporate Affairs to collect all dividends from asset management companies, deposits due, interest on shares, debentures, interest etc. unclaimed for a period of at least seven years. Requests for transfer of securities, other than transfers or conversions, shall be accepted only if the securities are held in dematerialized form at a depository. This regulation became effective on April 1, 2019.


The IFFP Authority has taken measures to simplify and streamline the procedure for the recovery of shares. In the event of death, the legal heir must initiate a transfer of shares, while the transfer is a voluntary act by the shareholder. To receive a refund or recover shares, claimants must complete Form IEPF-5 and submit it to the MCA website. The IEPF authority must decide unclaimed investment on the applicant's refund request within 30 days.
Location: Delhi, India

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